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institute for a discussion on the scheduled tax increases the percent to hit in january, including the end of the bush era taxes, payroll tax holiday hikes and invested in come also. a new tax policies and to report says nothing is done. average marginal tax rates would go up by five percentage points on labor income, seven points on capital gains and more than 20 points on dividends. along with more than a trillion dollars in budget cuts. also starting january or known as the fiscal cliff. it should get under way in just a moment. [inaudible conversations] >> good afternoon, and welcome to the urban institute's first tuesday. my name is howard gleckman of the tax center blocks and we are here to discuss taxes in the fiscal cliff. as you all know, washington lives everything that happens here is the biggest or the worst were the most important. how many times for instance have you been told some politician is about to give the speech of his life until he gives the next speech. the tax armageddon has the potential to actually be a watershed in the fiscal policy. true it could be another opp
of taxes and spending. it goes to governor clinton for a 2 minute question. it is asked by ann compton. >> governor clinton, can yo middle income families can be guaranteed a tax cut or what income level they can be guaraeed no tax increase. >> the tax increase figures in at $200,000 and above. >> they had their incomes go up while taxes down. middle class people defined as people with incomes as $52,000 and down had their incomes go down while th taxes went up in the reagan-bush years because of 6 increases in the payroll taxes. that is where it would trigger. >> there would be no tax increases below -- >> my plan, notwithstanding -- my plan igures in at family incomes of $200,000 and above andgive modest middlerelief to restore faespecially to people with incomes below in addition to that, the money i raise from upper monepeople, if they pay the same income on their income the same as american corporations do, they will give incentives back. i wt to give permant incentives back. a resource and development credit, a long term proposal for business and expansion. we have to have no mor
romney are back on the campaign trail, but still debating taxes. >> susie: i'm susie gharib. the feds launch one of the largest crackdowns on medicare fraud. $430 million in scams leads to arrests from coast to coast. >> tom: and we'll introduce you to a company hoping to become the mcdonald's for healthy eaters. >> susie: that and more tonight on nbr! >> tom: it was right back to the campaign trail today for president obama and mitt romney. the president went on the attack after what's been perceived as a lackluster debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating tax deductions worth abo
: what do you think of mitt romney who he added more detail to the tax cut plan that he would get rid of special exemptions, allowances, what you talked about, like limit deductions to $17,000 total tops? >> well -- neil: made the prospects of tax rates going down to 20% to a lot of people less favorable, that they say, well, am i really going to do so well under this? what do you think? >> well, you don't have to use the horrible word that gets grover norquist to lose his mashbles while he wonders around the world and his wife cheats. neil: i take it you're not a fan? >> i'm not. anyone who signs something 15 years before the issue, you shouldn't be in congress to sign -- meal kneel no tax -- neil: no tax hike pledges? >> you don't have to do a, quote, "tax in connection -- "tax increase". you're not doing a tax increase. getting $6 billion out of ethanol, and grover calls that a tax increase. neil: you think the time came to face the american people, tell them this sort of thing that we're up against romney exploited so cautiously. some think it's too late for that. do you buy that?
%. personal earnings after taxes per capita have gone up almost $3,000 in these 4 years. in 1980 -- or 1979, a person with a fixed income of $8,000 was $500 above the poverty line, and this maybe explains why there are the numbers still in poverty. by 1980 that same person was $500 below the poverty line. we have restored much of our economy. with regard to business investment, it is higher than it has been since 1949. so, there seems to be no shortage of investment capital. we have, as i said, cut the taxes, but we have reduced inflation, and for 2 years now it has stayed down there, not at double digit, but in the range of 4 or below. we believe that we had also promised that we would make our country more secure. yes, we have an increase in the defense budget. but back then we had planes that couldn't fly for lack of spare parts or pilots. we had navy vessels that couldn't leave harbor because of lack of crew or, again, lack of spare parts. today we're well on our way to a 600-ship navy. we have 543 at present. we have -- our military, the morale is high. i think the people should unders
card. two tax cuts that were not paid for. stuart: all right, i'm making the judgment that romney won. it's not just me, however, the perception that romney won this debate is widespread. even among the liberal media. headline from "the washington post" "rejuvenated romney hammers obama on his economic record" the los angeles times "a lackluster obama, a revived romney". unabashed obama supporter chris mathews was even disappointed with his guy. >> where was obama tonight? i don't know what he was doing out there. he had his head down, he was enduring the debate rather than fighting it. james carville, also noticed a new attacking style from romney. quote, mitt romney came in with a chain saw. and this tweet from bill maher. >> i can't believe i'm saying this, but obama looks like he needs-- he does need a teleprompter. well, coming up at ten o'clock. the top of the hour, eastern that would be, we will talk to brent about the media coverage of this debate. here is a question for you. by ten o'clock eastern, will the establishment media have rallied around the president, will they have
, and relate regulating big business for the protection of the people -- setting reasonable taxes for the welfare of the nation, protecting and maintaining, advancing the national infrastructure. generally acting as leaders. next up is sherry, watching us up in des moines, iowa. caller: i do agree with mitt romney. i think the government is getting way too big. host: next up is les in detroit. a democrat. you are on. caller: we in michigan have to decide in november whether to allow a big state to come into a city to take over and take a financial manager or an emergency manager and. i guess they think the cities who have -- local government where they can come in and remove the city officials. like the mayor, city council. now, i do not think that is what the presidential candidate mitt romney had in mind when he wanted to say states have rights. but what about the city's rights to elect their own elected officials? and i guess follow their own destiny? winnie's a government interference, i understand you are talking about the federal. but i heard mitt romney say states' rights.
taxes. >> this whole campaign is about the 100%. >> you want to be president, you owe the american people the truth. >> the only thing that could have salvaged president obama's performance if the body of bin laden fell from the ceiling on to the stage. >> the latest fallout for seat scare for american. >> we had a very unique situation. it's completely random. >> in just hours the latest jobs report is coming out. >> 12.5 million unemployed. 8.1%. >> gas prices are going up across the country. but in california they are soaring to a panic level hovering near the $6 mark. >> i've never seen it so high. >> get a look at this, the first snow of the season making a mess across the upper midwest. >> we're excited. >> a bus driver becomes a target of an angry fare jumper. >> 50 years ago james bond made his big screen debut. >> everybody gets a day off. >> all that -- >> going deep. how about that? >> did you really need to call barack obama the president of the united states lazy? >> yes. >> all that matters. designee hasn't done this poorly since he debated clint eastwood. >> their su
. the debate focus around the economy as we knew it would and the candidates traded jabs over tax policies for the middle class. >> romney: under the president's policies middle income americans have been buried. they've been crushed. i will not under any circumstances, raise taxes on middle income families. >> obama: now, five weeks before the election, he's saying his big, bold idea is never mind. >> romney is saying he would push for tax relief is another flip-flop. from his statement a few weeks ago that we should not expect a huge cut in taxes if he's elected president. we'll do some fact checking for you in the next current news update. despite the lies and contradictions from romney, a new cnn poll says 67% of voters do think he won the debate. more bill press coming up after the break. stay with us. you're about to watch an ad message created by a current tv viewer for capella university. matter. education is the key. it is the vehicle. it's the way in which we evolve. every journey is different every possibility is uni
actually, it is a bit more than that. but we do not need is a tax increase that will cost us 700,000 jobs. two years ago, the president said you do not want to raise taxes in a bad economy. the economy was better than that it is now. ladies and gentleman, this is a big choice. it is not only about taxes. it is about freedom. it is about our principles. it is about our country. it is about the idea of our country. america is so much more than a country with a flag. it is an idea. these ideas make us who we are. they make us special. i will see something that in washington is considered out of date or wrong, and it is this -- america is an exceptional nation. we are not afraid to say so. [cheers and applause] >> usa! usa! usa! >> we have a chance to get ourselves on the right track. we have a chance to vote for someone who will protect our freedoms. he will lead to protect our religious freedom. he will protect our second amendment rights. ladies and gentlemen, right here in virginia, we have a big choice to make. america has a big choice to make. america will make the right choice
business going. helping small business. >> encouraging small business growth lowered taxes for small bidses. through small businesses. 97% of small businesses. >> it's small businesses. a guy who has a small business. successful small businesses. >> those small businesses. >> all the praise for small businesses and their owners obscures the questions we should ask. what counts as a small business and what is their role in the u.s. economy? many of these small businesses talked about are anything but small. in order to avoid paying income taxes, they use sole propriet proprietorships and s-corporations. the owners file the profits on individual tax returns making the term small business about the number of owners rather than anything else. as a result, these small business owners include partners of hedge funds. also, donald trump. >> under governor romney's definition there are a bunch of millionaires and billionaires who are small businesses. donald trump is a small business. i know he doesn't like to think he's small anything, but it's how you define small businesses to get business incom
federal income taxes. >> this whole campaign is about the 100%. >> you want to be president, you owe the american people the truth. >>> dozens of american airline flights are canceled. the latest fallout from a seat scare on several flights. >>> gas prices are going up across the country, but in california, they're soaring to a panic level, hovering near the $6 mark. >> oh, my god, i've never seen it so high. this is unbelievable. >>> get a look at this, the first snow of the season, making a mess across the upper midwest. >> we're excited. >>> sucker punch, camera inside a city bus. >> that bus driver becomes the target of an angry fare jumper. >> oh! >>> james bond made his big screen debut 50 years ago. >> back in england, everybody gets a day off. >>> bradford is going to go deep. and how about that? >> did you really need to call barack obama the president of the united states lazy? >> yes. >> and all that matters. >> he hasn't done this poorly since he debated clint eastwood. >> campaign and their supporters debated the president's poor performance on ev
will actually go to schools. i spoke with the director of the maryland budget and tax policy institute. it is a nonpartisan organization and he says if voters approve the referendum, there should be close to $200 million that goes into the education trust fund. by the year 2016. >> all of the money will go to the education trust fund and will go to local schools. but the state may then use some of the money it saves because it doesn't have to use tax dollars for that school aid, and use that for health care and public safety, and parks and other good things that we depend on from the state. so it helps the state treasury. it will help the budgets. >> right. >> but it is wrong to say that it will increase education aid dollar for dollar. >> so what about job creation? that is another thing that they speak of. the ones who want you to vote in favor of this referendum. head to for our entire interview. >> massive automatic federal cuts are set to take effect in three months. one thing set to go is the bush you could pay a hefty price tag if congress doesn't renew them. accordi
has questions on the president from taxes to debt and spending. >> he wants another stimulus? how did the first one work out? he wants to hire more government workers? he wants to pick with winners and losers solyndra, losers in his case. we know where that leads. we have seen the last four years. we don't want four more years like the last four years. >> reporter: the debate at the university on long island is going to include foreign policy. to that end the governor is rolling out the foreign policy ball. he has a big speech on foreign policy at virginia military institute in lexington. >> gregg: tell us how big the first debate is playing out in the campaign ads. >> reporter: both sides are trying to portray the other as the bigger fiber. he has new ad from both campaigns and both are saying the other is untruthful from taxes to anything under the sun. take a look. >> i don't have five trillion dollar tax cut. if you just implemented it would cut five trillion dollars. >> i will not produce the taxes paid by high income americans. >> is that actually true? >> the latest, not tellin
. mitt romney is yet to be specific about his plans, his tax plans, his plans for entitlements. and so this is an opportunity for him to be specific. >> i was sort of surprised that governor, new jersey governor chris christie apparently didn't get the memo about downplaying expectations. i know the democrats are doing it furiously. the president himself doing it furiously. >> right. >> the republicans have been doing it furiously. here's what chris christie said over the weekend. >> well, listen, he's had a tough couple of weeks, let's be honest. i mean i'm not going to sit here and come on this morning and sugarcoat the last couple of weeks. they've been tough. but here's the great news for republicans. we have a candidate who is going to do extraordinarily well on wednesday night. he's going to contrast what his view is, and what the president's record is. the president's view for the future. and this whole race is going to be turned upside down come thursday morning. wednesday night's the restart of this campaign. i think you're going to see those numbers start to move right back i
these tax breaks that they get, we are playing for these tax breaks. we need roads, police, et cetera, and as long as we allow them to pay 13% when they should be paying much more, they are taking health care away from children, that need -- the family can't take them to the doctor. they can't pay for utilities, et cetera, and so forth, and they need to understand, you know, once they get all of our money, they are going to destroy us. so they really need to change their attitude about what is going on here. >> stephanie: yep, i hear you honey. [♪ "world news tonight" theme ♪] >> stephanie: sometimes i'm distracted by headlines while i'm talking. michele bachmann, we must ban filafel in school lunches. >> scarborough: oh, sweet jesus! >> stephanie: she claims that that and other foods of that origin should be removed from school lunches. >> stephanie: she may be beaten this time. wow, you would finally be rid of that [ censor bleep ] and her big gay husband. >> i have just been told by kobe at current that the filafel story was a parody. >> stephanie: oh, okay.
economic theory of tax cuts for the rich, despite the fact he deny attend tax cuts, and the math. and let's go to war with sesame street but give wall street a big, wet, kiss, that is call what got us into this mess, we spent four years digging out of it. >>> meanwhile, gingrich saying the numbers were good for the president, but the overall picture is still gloomy. >> i think it was a significant help to the president. imagine coming out at 8.2 following the debate, i mean people would have entered the week saying it is close to the end. so it is part of the whole process, the campaign will go down to the end. it will be one of the most interesting campaigns in american history, i think you will see it go back and forth somewhat. on friday, the imf said probably no recovery until 2018. >> more reaction from them on the president's debate in just a moment. but first, here is the gallop daily tracking poll, mitt romney closing the gap on president obama, who still leads by three points, 49-46, and taking to the tv air waves, the romney camp claiming the president's plan will increase taxes
than an hour and a half, a forum on possible tax increases caused by the so- called fiscal cliff after the first of the year. later, the senate debate in the jersey. on washington journal tomorrow morning, we will be joined by ann coulter. we will talk about politics with katrina vanden heuvel, editor of "the nation." washington journal is live everyday at 7:00 eastern. >> americans are not the only people to have a september 11 in their national story. in santiago, chile there was a september 11 even that had a dramatic impact on chilean history and memory. military officers on that day had a full-scale assault on their country. it took over radio stations, police stations, and other centers of power. they stormed the presidential palace, charged through guns blazing. when they were done, the president of chile were dead. a these events led by an army general named agusto. -- augusto pinochet. what most chileans did not know at what many americans still do not know was that the coup of september 11, 1973 was the work of intelligence operatives -- american intelligence operatives that
advised him to focus on policy, such as romney's effort to distance himself from his own tax proposal. >> for 18 months he has been running on this tax plan. and, now, five weeks before the election, he is saying that his big bold idea is never mind. >> reporter: now top democrats and liberal pundits bemoan a missed opportunity. >> i don't know what he was doing out there, had his head down, enduring the debate rather than fight. >> it looked like romney wanted to be there, president obama didn't want to be there. >> reporter: some blamed denver's high elevation for his performance. >> when you go to 5,000 feet, and you have a few hours to adjust. >> that's interesting. >> i don't know. >> the president spent much time looking down at his podium take notes. and squandered easy opportunities to go after romney. such as this moment. >> i like pbs. i like big bird. i like you too. but i am not going to keep on spending money on things to borrow money from chon ina to p for it. a wide opening. the president took more than 14 hours to come up with a come? back. >> thank goodness, somebody
, and a majority of americans are staring at big increase on their tax bill. ashley morrison with more. >> the tax center released a study showing that americans of all different incomes could be hit with a tax increase. if washington doesn't come up with bauj et deal by the end of the year. if existing tax cuts are allowed to automatically expire, the average tax increase would be $3500 a year, a middle income family make between $40,000 and $60,000 a year would see their tax bill rise by $2,000. >>> overseas marks were mixed this morning. tokyo's nikkei shed a fraction on concerns of company earnings, while south korea's kospi grained a fraction. hong kong's hang seng is closed for a holiday. >>> on wall street, the dow added 77 points while the nasdaq lost two points. jp morgan chase is being sued over dealings made by bear stearns, the investment bank it acquired in 2008. new york's attorney general filed the suit claiming bear stearns misled investors. the suit is the first to be filed under a group set up by the obama administration to investigate misconduct that caused the 2008 financial cr
us more tax increases and more regulated debt. >> eric: talk about the real personal income and durable goods. that is, why? >> what we earn is important to our spending power and standard of living. we are down $4000. and that is real disposable income. and looking over the period of the president's term, we are down $4000 median per household . durable good orders. machines. cars and trucks and planes. down 13 percent. one month that is a decline and that points to recession. >> steve: seems like we are slowing down. over in trouble in europe and nothing on horizon. everybody slog down and america could leave the world out of america could expand and drag the world with it >> eric: personal income is down especially with gas at four bucks a gallon. >> national average 3.80. >> brian: fewer dollars to spend. >> we have food price inflation. our standard of living is declining. are you better off, no. you are not better off. >> steve: stewart i talked to a number of business owners and they were reluctant to hire. if mitt romney is elected president of the united states. wou
week with payroll tax. for a baby boomer that's about $60,000 before they retire. for millenniums, it's going to be even worse. these are real costs at the kitchen table. and obviously as newt gri noted, romney's plan is daz 5 trillion tax plan. it is heavily weighted towards the top. i think voters are smarter than mitt romney thinks and i think they're going to want to know the real facts. >> let's talk about virginia specifically here. this is a state where, where the race is extremely tight right now. the latest nbc news/"wall street journal," marist college poll showing 48% of likely voters supporting the president, 46% supporting governor romney. that's a virtual tie there. you can also see that governor romney gained two points from september. the president lost one. you are an expert of sorts on virginia politics. what does the president have to do to regain momentum in the commonwealth? >> well, i think he's got to keep focusing on what this means at the kitchen table in virginia. his plan is good for the middle class, romney raises taxes on the middle class. for current seni
earnest. how they can justify, how they can justify raising taxes on the middle class that has been buried the last four years. >> vice president biden just today, said that the middle class over the last four years has been quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! [cheers and applause] gregg: republicans didn't waste anytime trying to utilize the biden remark, did they? >> we'll be hearing a lot about that over the next couple weeks. and i can assure you the white house wishes they could reverse time and get biden to say something, anything different from that. but you know, for those us in the press that is the nice thing about joe biden. he is always sort of ad-libbing and giving us great things to write about. gregg: that updates the biden gaffe clock that the rnc always run on their website. paul ryan seems to have recalculated the infamous 47% remark that, hess running mate uttered. take a listen to this. >> today, 70% of americans get more benefits from the federal government in dollar value than the
of americans who pay no income taxes. >>> i said something that was completely wrong. >> meningitis outbreak. health officials rush to alert patients who may have been exposed to the tedly disease that's killed five people in sickened dozens more. >> i don't want this thing in my body. i feel like i want a cleanser. i want it out. get out of my body. >> and bin laden drama. a tv movie about the raid that killed osama bin laden is set to air two days before the presidential election. this is the "cbs morning news" for friday, october 5, 2012. good morning. good to be with you. i'm terrell brown. mitt romney is changing his tune about those controversial remarks concerning 47% of americans. last may speaking at a florida fundraiser romney said 47% of americans paid no federal income taxes and considered themselves victims and will support president obama. romney originally stood by his remarks and described them as not elegantly stated but in an interview with fox news last night romney had a different explanation. >> clearly in a campaign with hundreds if not thousands of speeches and questio
. but the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. >> reporter: in the audience many of the president's supporters expressed bewilderment at his performance. >> i felt like he should have been more aggressive. >> i didn't understand his strategy and thought, you know, i wondered what was going on. >> reporter: sources tell abc news, the president's strategy was a calculated decision not to risk appearing unpresidential by attacking romney on say that video insulting 47% of the country as irresponsible victims. his aide advised him to focus on policy, such as romney's effort to distance himself from his own tax proposal. >> for 18 months he has been running on this tax plan. and, now, five weeks before the election, he is saying that his big bold idea is never mind. >> reporter: now top democrats and liberal pundits bemoan a missed opportunity. >> i don't know what he was doing out there, had his head down, enduring the debate rather than fight. >> it looked like romney wanted to be there, president obama d
. $200 million. >> i tell myself, it's 50% tax. don't feel bad. if you don't win the lottery. >> i will take the $100 million. make it work for a couple months. >>> later on in the half hour, the diva drama on "american idol" still spinning out of control. nicki minaj versus mariah carey. and our own barbara walters has a huge scoop about a threat involving a gun. yeah, things got that serious. that's coming up in "the skinny". stay tuned. >>> first, a major admission from mitt romney, the candidate now saying the remarks he made about the 47% were completely wrong. >> the reversal as romney tries to capitalize on his winning debate performance earlier this week. it is a critical time now with just over a month until election day. abc's t.j. winick covering the campaign for us. good morning, t.j. >> reporter: good morning, rob and reena. mitt romney rose to the occasion by all accounts on wednesday night, and now he looks to continue the momentum. seen by many political analysts and average voters as the winner, political challenger, mitt romney echoed his performance. >> he will r
. >>> taxes for nearly nine out of ten americans will rise by an average of $3500 a year if congress doesn't avert the so- called fiscal cliff. a study by the tax policy center finds the average tax bill will go up by 20% in 2013 if lawmakers allow a lift of cuts to expire at the end of the year. economists warn the tax cuts combined with automatic spending cuts could throw the fragile u.s. economy back into a recession. >>> next month maryland voters will decide whether or not hundreds of students can afford to go to college. critics claim the dream act rewards illegal immigrants by giving them in state tuition rates. >> but supporters say it's only fair to give some people a path to fulfill their dreeps. >> this is a chance -- dreams. >> this is a chance for me to go to the university of maryland. >> reporter: he is a dreamer. >> to become a doctor and give back to society. probably i could be saving your life in the future. >> reporter: his parents brought him to the u.s. at 12. he graduated from kennedy high school, earned straight as at montgomery college, was diagnosed with bone canc
the math work on his deficit plan and his tax plan. are we going to get those details in the course of the debate? >> well, you know, david, i wish you guys were just as tough on the president. the president says he's going to create a million new manufacturing jobs. he doesn't say how. he says he's going to reduce the long-term debt and deficit by $4 trillion. doesn't say how he's going to do it. you know, let's be fair here. governor romney has laid out a direction and a vision for the direction of this country. he's not an accountant. he's not going to go line by line as much as you'd like him to do through the budget. but let's hold the president to the same standard and criticize him as well. >>> good morning, it is monday, october 1st. it's october, everybody. welcome to "morning joe." >> yeah, you know who's glad september's over? >> who? >> the jets. holy cow! >> i thought you were going to say mitt romney. with us on set, we have msnbc and "time" senior political editor mark halperin and national affairs editor for "new york" magazine john heilemann. guys. hi, willie. >> he
we need time to fix it, and by the way, the president will also say that he wants to increase taxes on people like mitt romney to help pay down some of that debt. >> reporter: we just put of that graphic there showing the $16 trillion of debt and there are so many digits it almost doesn't fit on the tv screen across the screen there, as you can see. but haven't americans in some way become number to astronomical numbers? how serious is this in. >> they have become number. is it the new normal this massive spilling of red ink but it raises three problems which i don't think the nation has got even to grips with yet. number one our economy is smaller than our debt. we look like europe, we know what happened there. number two we are spending $9 billion every week just paying interest on this debt, about a quarter of it goes overseas. and number 3, we are paying for this debt by printing money. so here is the question, allison, what happens when we stop printing as we inevitably will at some point, what happens when people stop lending us the money because we've borrowed so much. what h
in into record deficits is because we put two wars and two tax cuts on a credit card. we didn't pay for. and now mr. romney wants another $5 trillion in tax cuts that he can't pay for. we're not going to let that happen. we are not going to fall backward, not with so much at stake, not now. it didn't work then. it won't work now. and that's why i'm running for a second term as president of the united states. i will tell you, i'll tell you what we need to move forward. we got to invest in small business. we got to invest in manufacturers creating jobs here in ohio, here in the united states of america. we have got to recruit 100,000 new math and science teachers to train to make sure our young people have -- to make sure our young people have the skills that they need. we got to train 2 million workers at community colleges to bring down college tuition cost s. we got to cut our oil imports in half and create thousands of new jobs and energy. we got to use the savings from ending the war in iraq and afghanistan, to pay down our deficit. put some people to work, doing some nation building right he
election. >> romney paid 14% in taxes last year on 13 million in income. >> obama wages war on coal. >> they blow everything out of proportion. >> reporter: in colorado alone, $47 million in five months have been spent by the romney and obama campaign. come november people here can tell the rest of the nation how they feel about enduring all those tv ads. >> let me get your e-mail address. >> reporter: amendment 65 is on the ballot. if passed the state's congressional delegation would be required to propose an amendment to the u.s. constitution limiting campaign contributions and spending. this is the executive director of colorado common cause. >> the result is a democracy that distorts the voice of ordinary people in favor of those who can write multimillion dollar expects. >> reporter: millionaires would argue they have the right to free speech as well. >> free spech protects what we say but it shouldn't be that we can scream louder than others. >> reporter: the 2010 ruling said restriction on contributions was restriction on free speech. a statement provided to cbs news warns wh
as a tax free lunch anymore, at least not in the district. starting today d.c. food truck operators will be adding on a 10% tax on the meals they sell. that's the same tax charged in d.c. restaurants. before the new tax food truck operators paid the city a $1,500 flat rate every year. >>> you may not be familiar with his face, but you'll know his cartoon. coming up we'll introduce you to the host of this year's oscar. >> 50 years ago james meredith was admitted to the university of mississippi. i'm randall pinkston in oxford as ole miss marks a dramatic moment that changed the school and the state. >> i'm matt jablow. coming up a man with deep ties to professional baseball in washington reflects on the nationals' success, that story straight ahead. >>> welcome back to nats park. i'm derek mcginty. we are live here where the washington nationals will take on the philadelphia phillies in less than two hours. if they can win this 1 game, they will clinch the national -- one game, they will clinch the national game east and roll into the playoffs. we heard the gates are now open, so the
romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> reporter: but mitt romney quickly tried to capitalize on his momentum. >> last night i thought was a great opportunity for the american people to see two very different visions for the country. >> reporter: also in denver romney said his goal was to frame the obama presidency. >> he will raise taxes on small business which will kill jobs. >> reporter: while the debate started with a handshake mitt romney quickly landed blows. >> virtually everything you just said about my tax plan since accurate. >> it's math. it's arithmetic. >> i have no idea what you're talking about. >> he's saying his big bold idea is never mind. >> reporter: both candidates will meet again in a town hall style format october 16th. a cbs news poll found only 22% of people who watched the debate thought president obama won while 46% said mitt romney came out on top. president obama meanwhile returns to our area friday with
around the country this past year promising $5 trillion tax cuts for the wealthiest americans. >> romney is rolling out new campaign ads as well as new talking points over the next few days and weeks. his goal is to convince the american public that he is ready to be president. more coming up live after the break. stay with us. matter. >> i wouldn't be where i am today if it wasn't for capella university. i go to work every day and know that i make a difference. when patients leave this office they have hope in their eyes. it make me feel like i'm really doing what i was meant to do. they have given me the tools that i need to be the best "me" that i can be. [ ♪ theme ♪ ] >> announcer: broadcasting across the nation on your >> announcer: broadcasting across the nation, on your radio, and on current tv. this is the "bill press show." >> good morning, and welcome back to the "bill press show," i'm jamal simmons, not bill press. i was here a couple of days ago and happy to be back. i'm here with my good friends, peter ogburn is in the back controlling -- >> t
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